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Global Inverter Duty Motors Market: By Construction Material: Cast Iron, Aluminium, Laminated Steel; By Standard: NEMA, IEEE; By Application: Extruders, Pumps, Conveyors, Fans, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Inverter Duty Motors Market Outlook
The global inverter duty motors market is expected to grow at a CAGR of 6% in the forecast period of 2023-2028.
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Rising Deployment of Pumps to Augment the Inverter Duty Motors Industry Growth
Based on application, the pump segment accounts for a significant share in the industry. The growing deployment of inverter duty motors for pump applications in the chemical manufacturing, metal and mining, and food and beverage industries is aiding the growth of the segment. Meanwhile, extruders are commonly used in the rubber, plastic, and food processing sectors, where producers rely on lowering high energy costs, increasing manufacturing capacity, and reliability, which is expected to further enhance the demand for inverter duty motors in the forecast timeframe. The rising business investments and the substitution of regular engines with inverter duty motors are also expected to accelerate the consumer demand over the forecast timeframe.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Inverter Duty Motors Industry
Region-wise, the Asia Pacific is the fastest-growing region in terms of infrastructure construction and a growing industrialisation pattern. These aspects have led to the development of the manufacturing and commercial industries in the region, which, in turn, is resulting in an increased demand for inverter duty engine deployments. In the global economy, China is constantly looking forward to strengthen its position. As per the 2018 World Investment Survey, China, Hong Kong, and Singapore are the recipients that have earned the highest FDI investments. Further, India and Japan are also experiencing an increased need for inverter duty motors due to the growth of the manufacturing sector and increasing chemical operations.
Inverter Duty Motors: Market Segmentation
The term "inverter-duty" is commonly used for a motor whose speed is controlled by an inverter or variable frequency drive (VFD). Although both inverter-duty and regular motors will operate on VFDs, the key differences are in construction and capability. Inverter duty motors are designed to tolerate extra heating caused by harmonics. The shaft-mounted fans are incapable of supplying enough cooling air at lower speeds than specified. The inverter motors are built with extra features to provide sufficient cooling even at low speeds.
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By construction material, the market is divided into:
- Cast Iron
- Aluminiuim
- Laminated Steel
Based on standard, the market is categorised into:
- NEMA
- IEEE
- Others
On the basis of application, the market is segmented into:
- Extruders
- Pumps
- Conveyors
- Fans
- Others
Based on end use, the market is categorised into:
- Metal and Mining
- Chemicals and Oil and Gas
- Paper and Pulp
- Food and Beverage
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Energy Efficiency to Bolster the Growth of the Inverter Duty Motors Industry
The manufacturing industry is one of the major energy consumers worldwide. A wide variety of energy-saving techniques, such as the use of high-efficiency motors, variable speed drives (VSD), and capacitor banks, to increase the power factor are being introduced as motors are big energy consumers. Better service, lower waste-heat generation, longer insulation and bearing life, and less friction typically provide energy-efficient motors, which improves efficiency. The increasing need for energy-efficient motors is therefore the key driving force behind the demand for inverter duty motors. The leading companies are increasingly investing in the production of energy-efficient engines, which is further aiding the market for inverter duty motors.
The developing economies are the prominent regions indulged in the adoption of energy-efficient motors, which is expected to drive the market development. Thus, the growing demand for energy-efficient motors is anticipated to lead to the increased acceptance of inverter duty motors, which, in the coming era, would propel the global market for inverter duty motors.
Key Industry Players in the Global Inverter Duty Motors Market
The report gives a detailed analysis of the following key players in the global inverter duty motors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Rockwell Automation, Inc.
- Regal Beloit Corporation
- Nidec Motor Corporation
- Havells India Ltd.
- ABB Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Construction Material, Standard, Application, End Use, Region |
| Breakup by Construction Material | Cast Iron, Aluminium, Laminated Steel |
| Breakup by Standard | NEMA, IEEE, Others |
| Breakup by Application | Extruders, Pumps, Conveyors, Fans, Others |
| Breakup by End Use | Metal and Mining, Chemicals and Oil and Gas, Paper and Pulp, Food and Beverage, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Rockwell Automation, Inc., Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd., ABB Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Inverter Duty Motors Market Analysis
8.1 Key Industry Highlights
8.2 Global Inverter Duty Motors Historical Market (2018-2022)
8.3 Global Inverter Duty Motors Market Forecast (2023-2028)
8.4 Global Inverter Duty Motors Market by Construction Material
8.4.1 Cast Iron
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Laminated Steel
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Inverter Duty Motors Market by Standard
8.5.1 NEMA
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 IEEE
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Inverter Duty Motors Market by Application
8.6.1 Extruders
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Pumps
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Conveyors
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Fans
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Inverter Duty Motors Market by End Use
8.7.1 Metal and Mining
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Chemicals and Oil and Gas
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Paper and Pulp
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Food and Beverage
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Inverter Duty Motors Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Inverter Duty Motors Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Inverter Duty Motors Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Inverter Duty Motors Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Inverter Duty Motors Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Inverter Duty Motors Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Rockwell Automation, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Regal Beloit Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nidec Motor Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Havells India Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ABB Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Inverter Duty Motors Market: Key Industry Highlights, 2018 and 2028
2. Global Inverter Duty Motors Historical Market: Breakup by Construction Material (USD Billion), 2018-2022
3. Global Inverter Duty Motors Market Forecast: Breakup by Construction Material (USD Billion), 2023-2028
4. Global Inverter Duty Motors Historical Market: Breakup by Standard (USD Billion), 2018-2022
5. Global Inverter Duty Motors Market Forecast: Breakup by Standard (USD Billion), 2023-2028
6. Global Inverter Duty Motors Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Inverter Duty Motors Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Inverter Duty Motors Historical Market: Breakup by End Use (USD Billion), 2018-2022
9. Global Inverter Duty Motors Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10. Global Inverter Duty Motors Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Inverter Duty Motors Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Inverter Duty Motors Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major industry drivers are growing deployment of inverter duty motors for pump applications in the chemical manufacturing, metal and mining, and food and beverage industries.
The key trends in the market are rising business investments and the substitution of regular engines with inverter duty motors and increasing need for energy-efficient motors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the fastest growing region in the market.
The construction materials can be divided into cast iron, aluminium, and laminated steel.
Based on standard, the industry can be divided into NEMA and IEEE, amongst others.
Extruders is the dominant application segment in the industry.
The end-use sectors include metal and mining, chemicals and oil and gas, paper and pulp, food and beverage, among others.
The major players in the industry are Rockwell Automation, Inc., Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd., and ABB Ltd., among others.
Analyst Review
The global inverter duty motors market is driven by the growing deployment of inverter duty motors for pump applications in the chemical manufacturing, metal and mining, and food and beverage industries. Aided by the rising business investments and the substitution of regular engines with inverter duty motors and increasing need for energy-efficient motors, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The construction materials can be divided into cast iron, aluminium, and laminated steel. Based on standard, the industry can be divided into NEMA and IEEE, amongst others. Based on applications, the inverter duty motors industry can be segmented into extruders, pumps, conveyors, fans, among others, with extruders accounting for the largest market share. The end-use sectors include metal and mining, chemicals and oil and gas, paper and pulp, food and beverage, among others. Major regional markets for inverter duty motors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the fastest growing region of the market. The key players in the above market include Rockwell Automation, Inc., Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd., and ABB Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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